Jefferies Financial Group Has Lowered Expectations for PVH (NYSE:PVH) Stock Price

PVH (NYSE:PVH) had its target price decreased by research analysts at Jefferies Financial Group from $104.00 to $101.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 10.09% from the stock’s previous close.

PVH has been the subject of several other reports. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $149.00 to $113.00 in a research note on Friday. Barclays upped their price target on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and cut their price objective for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. Finally, Morgan Stanley cut their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.80.

PVH Stock Performance

PVH stock traded up $1.35 during midday trading on Tuesday, reaching $91.74. 677,736 shares of the company were exchanged, compared to its average volume of 1,034,276. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09. The business has a 50-day moving average price of $103.97 and a two-hundred day moving average price of $100.49. PVH has a one year low of $88.60 and a one year high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.90 EPS. Equities research analysts forecast that PVH will post 11.67 EPS for the current year.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PVH

Several hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. raised its position in PVH by 39.6% in the third quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock valued at $171,987,000 after purchasing an additional 483,510 shares during the last quarter. Swedbank AB raised its holdings in PVH by 153.2% in the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock valued at $46,581,000 after buying an additional 266,509 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in PVH by 9.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after buying an additional 208,648 shares during the period. JPMorgan Chase & Co. grew its holdings in PVH by 82.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker’s stock worth $25,577,000 after acquiring an additional 114,430 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in PVH by 14.4% in the 3rd quarter. Victory Capital Management Inc. now owns 712,403 shares of the textile maker’s stock valued at $71,832,000 after acquiring an additional 89,790 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.